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Anglo Irish Bank- Drumm didn’t want any ‘b*ll*xology’ from Central Bank ‘clowns’


Anglo: Central bank boss Honohan says people ‘energised’ by tapes

Irish Independent
Ganley shown minutes from Anglo Irish meeting on ‘overcharging’. Businessman Declan Ganley was shown minutes from a meeting at Anglo Irish Bank that raise serious questions about how interest was applied to loans.
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Tapes show Anglo executives discussed run on deposits

Irish Times
Discussing how they might encourage the Central Bank to provide “fallback” funds Mr Drumm is heard to say it may be time for Anglo Irish to have a “conversation with our friends on Dame Street [the Central Bank],” due to the volume cash withdrawals.
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David Drumm: ‘I’ll no longer be made a scapegoat for banking crisis’

Irish Independent
It is now about October 2008. Ireland has taken the disastrous decision to blanket guarantee Anglo Irish Bank as well as its other failed financial institutions. Con Horan, the man in charge of supervising Anglo for the Financial Regulator, is on the 
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‘I’m beat, I am totally beat at this stage’ – ‘Oh, join the gang, ha, ha, ha!’

Irish Independent
The State has sleepwalked into guaranteeing the liabilities of Anglo Irish Bank. Ireland is on its way toward economic collapse and the humiliation of enduring a European Union/International Monetary Fund bailout that would lead to drastic cuts in 
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Drumm didn’t want any ‘b*ll*xology’ from Central Bank ‘clowns’

Anglo executives discussed breach of liquidity rules in 2008

read full article

irishtimes.com

David Drumm attacked the ‘drip, drip, drip’ release of the tapes
RTE.ie
Former Anglo Irish Bank chief executive David Drumm has said he will no longer allow himself to be a scapegoat for the banking crisis. Mr Drumm issued his statement to RTÉ news, as the transcripts of more recordings he had with another former Anglo 
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‘The market is drunk!’
Irish Independent
S&P, the bank credit rating agency, has just issued a new note warning investors to be wary ofAnglo Irish Bank. David Drumm, the bank’s chief executive, calls up John Bowe, head of treasury, to discuss what it all means for Anglo. The conversation 
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Anglo: New tapes reveal meekness of State’s watchdogs
Irish Independent
I just was not asked about tapes, says Dukes. THE former chairman of Anglo Irish Bank did not reveal the existence of the Anglo Tapes to major inquiries into the collapse of the banking system because he was “not asked about” them.
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Ganley shown minutes from Anglo Irish meeting on ‘overcharging’
Irish Independent
Businessman Declan Ganley was shown minutes from a meeting at Anglo Irish Bank that raise serious questions about how interest was applied to loans. Also in this section. Super-rich duped in €30m US land scheme · Beer could be the answer to all our 
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Che Guevara & Ireland’s Quisling Capitalism


che-guevara-galway

The controversy over Galway City Council’s proposal to erect a statue to Che Guevara to commemorate his family links to the city (his mother Anna Elizabeth was a Lynch and born in the city), is indicative of a wider discourse in Irish society. There is already a controversial – and popular – Che Guevara Festival in nearby Kilkee, County Clare, now in its second year. Without any supporting evidence, I would venture to suggest that the proposal is at least uncontroversial for the population at large. But it has drawn the ire of, among others, multi-millionaire Declan Ganley, founder of the right-wing, pan-European Libertas political party. Ganley chairman and CEO of USA-based military communications specialist Rivada Networks (‘Total interoperability’) appointed former Chairman of the Joint Chiefs of Staff, and George Bush point man for Iraq, Richard Meyers to its board. He has many ties with the USA military and multinational corporations, and he has mustered a motley crew of Republican politicians, right-wing academics, businessmen and CEOs to make the simple declaration that a statue to a ‘terrorist’ is likely to damage American multinational investment in Ireland. The crew includes Ileana Ros-Lehtinen, of Cuban extraction and chair of the House of Representatives Foreign Affairs Committee. This is enough to cause a ripple in the space-time continuum that is American-Irish croneyism.

The controversy over Galway City Council’s proposal to erect a statue to Che Guevara to commemorate his family links to the city (his mother Anna Elizabeth was a Lynch and born in the city), is indicative of a wider discourse in Irish society. There is already a controversial – and popular – Che Guevara Festival in nearby Kilkee, County Clare, now in its second year. Without any supporting evidence, I would venture to suggest that the proposal is at least uncontroversial for the population at large. But it has drawn the ire of, among others, multi-millionaire Declan Ganley, founder of the right-wing, pan-European Libertas political party. Ganley chairman and CEO of USA-based military communications specialist Rivada Networks (‘Total interoperability’) appointed former Chairman of the Joint Chiefs of Staff, and George Bush point man for Iraq, Richard Meyers to its board. He has many ties with the USA military and multinational corporations, and he has mustered a motley crew of Republican politicians, right-wing academics, businessmen and CEOs to make the simple declaration that a statue to a ‘terrorist’ is likely to damage American multinational investment in Ireland. The crew includes Ileana Ros-Lehtinen, of Cuban extraction and chair of the House of Representatives Foreign Affairs Committee. This is enough to cause a ripple in the space-time continuum that is American-Irish croneyism.

Political Resources on the Net – StumbleUpon.

via .

Esat claims, if true, would ‘disgrace the nation’ says judge – RTÉ News


A Supreme Court judge has said that if claims of corruption in how Denis O’Brien’s Esat Digifone was awarded its mobile phone licence are proved, they would disgrace the nation and the State.

The court has published its reasons for allowing a case to go ahead by two competing consortia who are seeking compensation.

Two mobile phone consortia who lost out to Denis O’Brien’s Esat Digifone in the competition for the State’s lucrative second mobile phone licence are seeking compensation.

They allege there was fraud and corruption in the way the licence was awarded.

Between them the consortia are taking actions against former minister Michael Lowry, East Telecom, Denis O’Brien, Ireland and the Attorney General.

The State parties secured High Court orders stopping the cases on the grounds of delay, but last July the Supreme Court ruled the actions could go ahead.

Today, they published their reasons.

Mr Justice Adrian Hardiman said the integrity of Ireland as well of the consortia required a trial of their claims of corruption, which they were alleging took the form of bribes.

He said such things, if true, would be utterly disgraceful, destructive of the reputation of both the briber and the person bribed.

If proved, it would be a commercial and political disgrace of the highest order and would disgrace the nation and the State, he said.

The judges said the consortia had been entitled to wait for the outcome of the Moriarty Tribunal before bringing their actions.

Businessman Declan Ganley‘s Comcast International Holdings Incorporated and Persona Digital Telephony Ltd had initiated separate actions in 2001 challenging the licence award and claiming multi-million euro in damages.

via Esat claims, if true, would ‘disgrace the nation’ says judge – RTÉ News.

via Esat claims, if true, would ‘disgrace the nation’ says judge – RTÉ News.

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